Press Articles

Even before Donald J. Trump defied the odds and was elected the 45th president of the United States, wealthy investors were feeling uneasy about the level of uncertainty in the global economy. While some people are optimistic that a Trump administration could mean tax breaks, less business regulation and other benefits to the wealthy — and even the stock market eventually rose on the news — the truth is, no one knows for sure what the next months or years will bring.

Forbes magazine called it the “wealthiest, most powerful social networking group in the world”. Others have called it a “top secret club for millionaires”. And from this weekend, the UK’s wealthiest will have the chance to join TIGER 21, rubbing shoulders with 450 of the world’s richest people.

Kattegat Trust, a charitable vehicle set up by Teekay Shipping Corp magnate J. Torben Karlshoej, was looking to diversify its portfolio beyond its core shipping holdings. The trust sought exposure to asset classes like private equity by harnessing a broader base of capital from other limited partners.

Every quarter, TIGER 21 asks its members to anonymously fill out a confidential survey about where they hold their money, where they’re allocating new money, and how those decisions have changed over the past quarter. Tracking the change in these allocations over time can give you a sneak peak into what the “smart money” is currently doing and thinking about opportunity and risk.

We’re all looking for a safe but adequate income stream, and that includes the very wealthy. Like most investors, they’re having a hard time finding it. That’s clear in the latest portfolio update on the asset allocation of the “ultra-high-net-worth investors” that make up TIGER 21, a peer-to-peer learning network.